DAX Increases After Strong Data

Forex News

The stock index of Germany DAX increased by 0.32% and is trading at 12.437.00 level. Germany's trade surplus surged to EUR 20.3 billion in May, which is in line with the forecast. The Eurozone Sentix Investor Confidence rose to 28.4, with a forecast of 28.1.

Germany's exports grew by 1.4% in May compared with the previous month. In annual terms, exports increased by 14.1% in May. The German economy has also received momentum from strong domestic demand, and the labor market remains tense. The IMF raised its forecast for Germany's growth to 1.8% in 2017, compared with an estimate of 1.6% in April.